Oppenheimer Holdings, Inc. (OPY) Correlation Distribution
Across 6,809 rolling correlation observations between Oppenheimer Holdings, Inc. (OPY) and other NASDAQ-listed stocks, 55.2% are positive and 44.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.117, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12.2% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,809
- Mean correlation
- 0.117
- Most common range
- -0.3 to -0.2
- Positive pairs
- 55.2%
- Strong positive (≥0.7)
- 12.2%
- Sector
- Security Brokers, Dealers & Flotation Companies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 23 | 0.3% | |
| -0.8 to -0.7 | 22 | 0.3% | |
| -0.7 to -0.6 | 164 | 2.4% | |
| -0.6 to -0.5 | 164 | 2.4% | |
| -0.5 to -0.4 | 450 | 6.6% | |
| -0.4 to -0.3 | 450 | 6.6% | |
| -0.3 to -0.2 | 619 | 9.1% | |
| -0.2 to -0.1 | 618 | 9.1% | |
| -0.1 to 0.0 | 542 | 8.0% | |
| 0.0 to 0.1 | 542 | 8.0% | |
| 0.1 to 0.2 | 395 | 5.8% | |
| 0.2 to 0.3 | 394 | 5.8% | |
| 0.3 to 0.4 | 368 | 5.4% | |
| 0.4 to 0.5 | 367 | 5.4% | |
| 0.5 to 0.6 | 430 | 6.3% | |
| 0.6 to 0.7 | 429 | 6.3% | |
| 0.7 to 0.8 | 405 | 5.9% | |
| 0.8 to 0.9 | 404 | 5.9% | |
| 0.9 to 1.0 | 23 | 0.3% |
Frequently asked questions
What is the average correlation of OPY?
Oppenheimer Holdings, Inc. (OPY) has an average correlation of about 0.117 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OPY positively correlated with other stocks?
Mostly yes — 55.2% of pairs are positive and 44.8% are negative. Strong positive correlations (≥0.7) make up 12.2%.
What is the most common correlation range for OPY?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 45.7% of all pairs.
Explore the full interactive correlation distribution for OPY.
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